Singapore's Prime Minister Tharman Shanmugaratnam said the country's government will "not ban" cryptocurrency.
In Asia, Japan and Singapore are the best markets for cryptocurrency and blockchain in recent years. In China, Vietnam, Indonesia banned bitcoin and the cryptocurrency market, Singapore was very active in developing Blockchain and cryptocurrency markets.
Tharman Shanmugaratnam, deputy prime minister and minister in charge of the governing body of the Monetary Authority of Singapore (MAS), confirmed an agreement in the absence of the rules of cryptocurrency to acute. MAS has made strenuous progress and the potential loss they face. Until now, there is no strong case to ban the cryptocurrency trade here, "the deputy PM said. But we will still give action to those involved as our anti money laundering rules. And we will continue to give Singaporeans that they can tear down money when they invest in cryptocurrency. "